Critically discuss Rostow’s 5 stages of Growth theory and the criticism levelled against it? How can it be applied in the South African context?

e Page(s) 416-418 12.4. Why are institutions the key to economic growth? Chile's per capita GDP rose from $7,709 to $20,208 over 23 years (1985- 2008). Which of the following factors is included in modern growth theory but not in the Solow model? Click or tap a choice to answer the question. expanded water-management infrastructure to support agriculture new technology that has revolutionized the salmon industry privatization of many government-owned businesses an expanded wine industry that takes advantage of Chile's geography

Identify one nation that seems to be defying Malthus population growth theory in the 21st-century and provide a brief explanation why

Our simple growth model implies that Select one: a.countries with higher K/L ratios will have higher economic growth. b.increases in K/L increase Y/L but at a diminishing rate. c.capital has no impact on Y/L. d.there is little prospect of poor countries catching up with rich countries.   In the past few years, several high profile celebrities have campaigned for debt relief for HIPC's (Highly Indebted Poor Countries). While debt relief can potentially play a useful role in poverty reduction there are also some possible downsides such as Select one: a.reducing a poor nations exports. b.increasing government deficits. c.encouraging further debt by setting up an expectation that future debts will also be forgiven. d.under cutting local markets for food and other commodities given as aid.